Rumor: Xbox 360 price cuts; 60GB $299, Elite $399, Arcade $199

The rumor that wouldn't die has once again reared its ugly head as a new advertisement hints at Xbox 360 price-drops across the board. According to an ad from Radio Shack the Xbox 360 Pro (60GB) and Elite units will receive a $50 price drop by the week of the Sept. 7, making the 60GB model $299 and the Elite $399 while the Arcade bundle will drop $80 to $199. Source spies within the retail industry have given Joystiq similar intel from other retailers hinting at the same rumor. Check out the flyer in the gallery below.